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Days19Days on Market
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$157,500

$159,000

401 N Alice Ave, Monahans, TX, 79756

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.51 / sqft

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range

Exterior

Lot Size9,100 sqft

Land Information

APN4519
Lot Number9,10
Land UseResidential
Legal DescriptionLOT 9 & 10 BLK 24 MONAHANS ORIGINAL TOWN
Census Tract950300
Assessed Land Value$2,280
Assessed Improvement Value$103,430
Assessment Year2025

About this property

Charming investment opportunity with strong potential! This 3-bedroom, 12-bath home offers a functional layout, spacious living and dining areas, and a large backyard with plenty of room for entertaining, pets, or future improvements. Property features a covered carport, mature trees, and solid curb appeal ready for your personal touch. Interior offers great natural light and a layout ideal for homeowners or investors looking to add value. Conveniently located near schools, shopping, and major roadways. Seller is highly motivated and ready to make a deal, bring all offers! Perfect opportunity for a first-time buyer, rental portfolio addition, or fix-and-flip project. Property is being sold as-is and priced to sell quickly!

Investor Tools

Property Icon
$222,000
Estimated Property Value
$86,200Estimated Mortgage Balance
$138,630Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

Interested in this property?

Alex Barrientos

BK Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$272/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,153
$105,710
2025
$2,280
$103,430
$105,710
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,153
$105,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Neighborhood Loans
Conventional
$86,200
No
First
Aug 15, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$83,370
$138,630
62%
38%
$517/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Monahans

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401 N Alice Ave | Property Details | No Agent List